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0 0 0.020937188434696 0.00697906281156533 0.00797607178464607 0.00149551345962119 0.0159521435692921 0.0107676969092722
Stock impact report

First Northwest Bancorp Reports Third Quarter 2024 Financial Results

First Northwest Bancorp (FNWB) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4343673
Company Research Source: GlobeNewswire
PORT ANGELES, Wash., Oct. 29, 2024 (GLOBE NEWSWIRE) -- CEO Commentary"This was a quarter of mixed results. Progress on customer deposit gathering and the termination of the FDIC Consent Order was overshadowed by a quarterly loss driven by additional provisions primarily related to certain equity loans made to high net worth, accredited investors. The teamwork and collaboration between Staff, Management and the Board to address the matters identified in the Consent Order is demonstrative of the qualifications, determination and capabilities of the First Fed team. We appreciate that the FDIC acknowledged the planning, monitoring and execution required to comply with the Order and validation that all of these matters were properly addressed. I am very proud of this accomplishment, and I would like to thank all of the many people within the bank who worked tirelessly to reach this achievement less than one year after the Order was issued. Through an internal review Show less Read more
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